This morning I closed my position on Moncler (MONC.MI) at 12.32 for a gross gain of +7.3%. The reason is that yesterday's candle showed again weakness at these prices, and a retracement could be underway. I wanted to keep this position longer, not because I'm particularly enthusiastic about this stock, but because I don't want to be such an active trader. Costs kill much of the possible returns, and entry/exit timing can't be perfect simply because movements can't be accurately predicted, you can just have an idea about when risk/return favours a certain position. I probably wouldn't close the position on Moncler only for this lack of demand sign. What made me cautious has been the index behaviour. Last two days we saw increasing volumes on narrower spreads: sellers entered at these prices. Also, tomorrow there is the ECB press conference on quantitative easing, so I opted for the conservative choice. (Detailed technical analyses on Moncler and the FTSE Mib).